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Alpha And Bancpost Prepare For Merger
Banks-Insurance

Alpha And Bancpost Prepare For Merger

Greek-held Alpha and Bancpost are getting ready for the merger that will create the third largest bank on the market with a loan portfolio that is about EUR220 million lighter, and 10% lower...

Ciprian Botea · 09.12.2011 · 00:00 · 2 min
Bancpost To Hike Share Capital By RON92.6M, to RON1.18B
Banks-Insurance

Bancpost To Hike Share Capital By RON92.6M, to RON1.18B

Shareholders of Romanian lender Bancpost on Monday decided to increase the share capital by 92.6 million lei (EUR21.4 million) to RON1.185 billion, the bank said in a news release.

Andrei Cîrchelan · 07.11.2011 · 17:51 · 1 min
Banks-Insurance

Alpha, Bancpost Merger Creates One Big Bank With EUR7B Loans And Just EUR3.1B Deposits

Alpha Bank Romania and Bancpost, two top 10 banks in Romania, and their clients were set to find out on Monday what the merger of their parent banks would look like, in the wake of the extra...

Razvan Voican · 24.10.2011 · 00:00 · 3 min
Banks-Insurance

Bancpost Plans RON92.6M Capital Increase

The Board of Romanian lender Bancpost recommended increasing share capital by 92.6 million lei (EUR21.4 million) to RON1.18 billion, mostly by debt conversion to the benefit of its majority...

Florentina Dragu · 04.10.2011 · 12:41 · 1 min
Banks-Insurance

What Name Will The Third Leading Bank On Romanian Market Use?

The name of the lender created by the merger of Greek financial groups Alpha Bank and Eurobank, which will own the third leading bank in Romania by assets, should be Alpha Eurobank, but no d...

Razvan Voican · 01.09.2011 · 00:00 · 1 min
Bad Loans Hurt Alpha And Bancpost Portfolios
Banks-Insurance

Bad Loans Hurt Alpha And Bancpost Portfolios

Bad loans are still pounding the domestic subsidiaries of Greek groups Alpha Bank and EFF Eurobank, with the two setting up loan loss provisions of above EUR80 million in the first six month...

Ciprian Botea · 31.08.2011 · 00:00 · 1 min
Bancpost Cedes Market Share By Selling Loans
Banks-Insurance

Bancpost Cedes Market Share By Selling Loans

Bancpost, the ninth lending institution by assets, last year continued to transfer some loan packages from its own balance sheet to the parent bank or other vehicles controlled by it, relinq...

Razvan Voican · 19.08.2011 · 00:00 · 1 min
Top Ten Romanian Banks After 1H
Banks-Insurance

Top Ten Romanian Banks After 1H

The banking system is still digesting the fallout of the crisis almost three years after it started and the largest ten banks, which control almost 80% of the overall banking assets, are see...

Cristian Hostiuc · 18.08.2011 · 00:00 · 2 min
Greek Banks Raise Deposit Interests, While Big Banks Are Lowering Them
Banks-Insurance

Greek Banks Raise Deposit Interests, While Big Banks Are Lowering Them

The thirst for liquidity of small and mid-sized banks has led to the re-emergence on the market of offers of leu-denominated deposits with interests of 7.5% to 7.75% a year, even though the...

Liviu Chiru · 11.07.2011 · 00:00 · 1 min